Creative Newtech Announces Strategic Acquisition of Infinova India to Build 'Make in India' Surveillance Technology Platform

Creative Newtech Limited (NSE: CNL, BSE: 544631), a well-established player in India's Information and Communication Technology market, has announced that its Board of Directors has approved the proposed acquisition of 100% of the equity share capital of Infinova (India) Private Limited. The transaction represents a landmark strategic transition for Creative Newtech as it pivots from a primarily distribution-led business model into an integrated, technology-owned surveillance and manufacturing platform.

The Board of Directors has approved a total budget of up to USD 4.00 million for the transaction. This comprehensive budget encompasses the consideration payable to the parent Infinova Group at closing, transaction-related costs, and all professional fees. Cumulative Ventures LLP is acting as the exclusive financial advisor to Creative Newtech for this transaction. Final closure remains subject to satisfactory due diligence, regulatory approvals, and the execution of definitive agreements.

Shifting from Distribution to Brand Ownership

Through this acquisition, Creative Newtech will secure Infinova India's complete business operations, including its local product assembly and manufacturing facility in Pune, exclusive brand rights for India, technical assistance, an experienced domestic team, and its extensive OEM network.

This infrastructure provides Creative Newtech with immediate product ownership and domain expertise. The company is currently developing a comprehensive suite of surveillance products designed to be BIS and STQC compliant, allowing it to move beyond its existing distribution partnerships with compliant brands like Sparsh and Matrix. The integration supports the company's broader long-term strategy to build a trusted "Make in India, Sell Global" security platform.

Deepening Foothold in Critical Infrastructure

Infinova India brings a highly decorated project portfolio across Indian government, transit, and enterprise security segments. Its localized assembly capabilities allow for swift project customization and post-warranty service continuity. Notable large-scale domestic deployments utilizing Infinova India's high-definition smart IP cameras, specialized explosion-proof cameras, and AI-based video analytics include:

Safe & Smart Cities: Mumbai Safe City and Nagpur Smart City.

Mass Transit Networks: Bangalore Metro, Dhaka Metro, and more than 61 airports across India.

Energy & Public Sector: Major installations at IOCL, BPCL, HPCL, ONGC, NTPC, and RCF.

High-Security Environments: Navy installations, Satish Dhawan Space Centre (SHAR), alongside various District Courts and correctional facilities in Bihar and Gujarat.

Financially, the parent Infinova Group-headquartered in New Jersey, USA-brings over three decades of global system integration heritage. At its historical peak, the global group generated annual revenues exceeding USD 450 million and secured a Top 20 position in the internationally recognized A&S Security 50 industry rankings.

Capturing a Rapidly Growing Market

The acquisition positions Creative Newtech to capture significant market share in an expanding sector. Driven by public safety investments, urban transport networks, and strict regulatory mandates for trusted sourcing, India's video surveillance market is estimated at approximately USD 4.8 billion in 2025. It is projected to reach USD 12.25 billion by 2030, representing a compound annual growth rate (CAGR) of 20% to 21%.

"This proposed acquisition will be a significant milestone in our journey of building a strong and future-ready surveillance platform with a clear focus on Make in India," said Mr. Ketan Patel, Chairman & Managing Director of Creative Newtech Limited. "Over the years, we have built our surveillance business through partnerships and distribution. With Infinova India, we are now moving towards building our own brand, along with technology ownership and manufacturing capability, which is a critical step forward for us."

Shares of Creative Newtech Limited was last trading in BSE at Rs. 848.40 as compared to the previous close of Rs. 843.80. The total number of shares traded during the day was 32342 in over 1098 trades.

The stock hit an intraday high of Rs. 888.15 and intraday low of 815.75. The net turnover during the day was Rs. 27932931.00.

Source : Equity Bulls

Keywords

CreativeNewtech INE985W01018 Acquisition InfinovaIndia